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Prior to being recorded on the income statement, manufacturers' product costs flow through ______. multiple select question.
a. cost of goods sold
b. finished goods
c. work in process
d. raw materials

Sagot :

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A manufacturers' product costs flow through raw materials, work in process (or work in progress), and finished goods prior to being recorded on the income statement. So, yes, the answers are B, C, and/or D. Cost of Goods Sold is not included.

While work in process, also known as WIP, refers to the products being manufactured, raw materials are the components that go into the finished product. The finished goods, however, are the manufacturer's final products.

Costs of goods are passed through inventory accounts until they are sold, at which point they are compared to sales on the income statement.

Discover the correct sequence of the flow of costs for a manufacturing firm:  https://brainly.com/question/13775569

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